# Free Banking (also referred to in German)

- Canonical URL: https://www.gerhardmerk.de/free-banking-also-referred-to-in-german
- Post ID: 589910
- Modified: 2023-07-25T21:01:38+00:00
- Language: en

## Definition

The withdrawal of the state from the monetary system and the complete privatization of the monetary system, also called Marktgeldsystem (marketdriven monetary system). Everyone should be free to offer his own money. The most stable means of payment would then prevail. According to AntiGresham's Law, this would undoubtedly be, in the first place, coins - even of very high weight and considerable value - made of precious metal and, in the second place, banknotes entirely backed by precious metal. - See specialized banking system, money, private, pancratium, parallel currency. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

- Generator: Merk Knowledge 1.1.1